BroadVision results suggest tough times ahead

BroadVision has become the third e-commerce platform vendor to miss its financial targets, fuelling concerns that the...

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Arlene Martin

BroadVision has become the third e-commerce platform vendor to miss its financial targets, fuelling concerns that the e-business software market may be slowing down.

Arlene Martin

BroadVision posted a $62m (£42.6m) loss for its fourth quarter ending 31 December 2000, compared to an $8.1m profit for the same period the previous year.

The loss was in large part due to the acquisition of Java products, though profits would still have fallen by 44% compared to the previous quarter, to $4.5m, without the purchases.

Mike Thompson, director of research at Butler Group, commented: "BroadVision is not the only company to report lower than expected end of year results. Vignette and Intershop missed their targets also. There is [a general perception] of some resistance in the market to these large e-business solutions, given the failure of many dot coms. This is a perception that BroadVision and Vignette have to overcome."

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